Common use of Liability of the Manager Clause in Contracts

Liability of the Manager. No provision of this Agreement shall be deemed to protect the Manager against any liability to the Fund or the shareholders of the Portfolio to which it might otherwise be subject by reason of willful misfeasance, bad faith, or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Liability of the Manager. No provision of this Agreement shall be deemed to protect the Manager against any liability to the Fund Trust or the shareholders of the Portfolio ETF to which it might otherwise be subject by reason of willful misfeasance, bad faith, or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Liability of the Manager. No provision of this Agreement shall be deemed to protect the Manager against any liability to the Fund Trust or the shareholders of the Portfolio ETF Fund to which it might otherwise be subject by reason of willful misfeasance, bad faith, or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Liability of the Manager. No provision of this Agreement shall be deemed to protect the Manager against any liability to the Fund Trust or the shareholders of the Portfolio Series to which it might otherwise be subject by reason of willful misfeasance, bad faith, or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.

Liability of the Manager. No provision of this Agreement shall be deemed to protect the Manager against any liability to the Fund Trust or the shareholders of the Portfolio Trust to which it might otherwise be subject by reason of willful misfeasance, bad faith, or gross negligence in the performance of its duties or the reckless disregard of its obligations under this Agreement.